Ban Leong Tech

[BlueKelah]

I have been following Ban Leong for a very long time. Held and Exited the position long ago, pre pandemic. It is a decent business but not a great business. Still have some odd lot shares remaining. The pandemic changed everything, well, at least for the past 2+ years. Ban Leong, the luxury watch retailers, and a few other companies benefitted greatly for being at the right place at the right time.   

Persoanlly I know of a small business owner who went from just getting by to extraordinary profit, enough for comfortable retirement. But these businesses are the minority.

Moving foward, some businesses that did extremelely well during the pandemic period will revert to normal. Examples are Sheng Siong and probably Ban Leong as well. Some will experience a harsh winter and a sales drought. And there are those which is unknown, Hour Glass / Cortina. I really cant say with a level of certainty how business will be going forward. Too difficult to call. What I do know is valaution are on the elevated side of things for the watch retailers.

Thanks for input, yes its hard to call as more people now may be premanently WFH, hence demand for ban leong products could have a new elevated baseline, new normal. Though i dont see the business really growing that much from here on out.

Watch retailers are now enjoying a boom becoz of the shift in investment appetite and inflation, as well as a certain level of speculation and buzz in the sector. IN china particularly its a trend now to sell houses and dump the money into luxury goods like watches. The big wall of excess Covid stimulus money still sloshing around a bit.